Radical innovation in (multi)family owned firms

Francesco Chirico; R. Duane Ireland; Daniel  Pittino; Valeriano  Sancez-Famoso

doi:10.1016/j.jbusvent.2022.106194

Radical innovation in (multi)family owned firms

Francesco Chirico, R. Duane Ireland, Daniel Pittino, Valeriano Sancez-Famoso

Department of Management

Research output: Contribution to journal › Article › peer-review

35 Citations (Scopus)

102 Downloads (Pure)

Abstract

By integrating organizational learning theory with the family firm literature, we seek to enhance our understanding of radical innovation in (multi)family-owned firms. We theorize that the goal diversity and path dependency that multifamily ownership creates negatively affects the positive relationship between knowledge integration and radical innovation. However, this is not the case for multifamily-owned firms in which family members embrace a commitment to change. We contend that commitment to change mitigates the negative moderating effect of multifamily ownership by ensuring the effective translation of integrated knowledge into radical innovation within the firm. Overall, our results highlight the complexity of radical innovation in (multi)family-owned firms as a product of the joint effect of knowledge integration, the number of unrelated owning families, and a commitment to change.

Original language	English
Article number	106194
Pages (from-to)	1-19
Number of pages	19
Journal	Journal of Business Venturing
Volume	37
Issue number	3
DOIs	https://doi.org/10.1016/j.jbusvent.2022.106194
Publication status	Published - May 2022

Bibliographical note

© 2022 The Author(s). Published by Elsevier Inc. Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.

Keywords

Multifamily-owned firms
Radical innovation
Knowledge integration
Commitment to change

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10.1016/j.jbusvent.2022.106194Licence: CC BY

Publisher versionFinal published version, 853 KBLicence: CC BY

Cite this

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title = "Radical innovation in (multi)family owned firms",

abstract = "By integrating organizational learning theory with the family firm literature, we seek to enhance our understanding of radical innovation in (multi)family-owned firms. We theorize that the goal diversity and path dependency that multifamily ownership creates negatively affects the positive relationship between knowledge integration and radical innovation. However, this is not the case for multifamily-owned firms in which family members embrace a commitment to change. We contend that commitment to change mitigates the negative moderating effect of multifamily ownership by ensuring the effective translation of integrated knowledge into radical innovation within the firm. Overall, our results highlight the complexity of radical innovation in (multi)family-owned firms as a product of the joint effect of knowledge integration, the number of unrelated owning families, and a commitment to change.",

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AU - Chirico, Francesco

AU - Ireland, R. Duane

AU - Pittino, Daniel

AU - Sancez-Famoso , Valeriano

N1 - © 2022 The Author(s). Published by Elsevier Inc. Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.

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N2 - By integrating organizational learning theory with the family firm literature, we seek to enhance our understanding of radical innovation in (multi)family-owned firms. We theorize that the goal diversity and path dependency that multifamily ownership creates negatively affects the positive relationship between knowledge integration and radical innovation. However, this is not the case for multifamily-owned firms in which family members embrace a commitment to change. We contend that commitment to change mitigates the negative moderating effect of multifamily ownership by ensuring the effective translation of integrated knowledge into radical innovation within the firm. Overall, our results highlight the complexity of radical innovation in (multi)family-owned firms as a product of the joint effect of knowledge integration, the number of unrelated owning families, and a commitment to change.

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KW - Commitment to change

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Radical innovation in (multi)family owned firms

Abstract

Bibliographical note

Keywords

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